CapitaLand REIT forays into Europe with $420m Frankfurt property acquisition

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The deal marks CapitaLand’s second office acquisition in Germany in less than six months.

Philippine proptech unicorn Revolution Precrafted bags new deal at home

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The company said the deal is expected to raise at least $125 million in revenues and put the spotlight on a prime property once dubbed as “Asia’s Paradise Resort”.


Asia Digest: SG’s Cairnhill Astoria on sale for $146m; Ayala Land in development JV

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Freehold development Cairnhill Astoria, located in Singapore’s Cairnhill Rise, has been put on collective sale for $146 million


SG Digest: PropertyGuru to pay 40% of 99.co’s legal costs; Fernhill Court on sale for $93m

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A Singapore court has ordered PropertyGuru to pay rival 99.co an equivalent of 40% of its legal costs acquired as a result of a copyright infringement lawsuit involving the two.


Gaw Capital, Country Garden launch $1b China distressed asset fund

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Gaw follows the moves of foreign investors Bain Capital, Blackstone and Oaktree Capital.


India: Ascendas to buy two office buildings in Navi Mumbai for $137.6m

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At present, Ascendas India Trust operates around 12.6 million sq. ft of office space in Bengaluru, Mumbai, Pune, Chennai and Hyderabad.


GIC sets up $675m China rental apartment JV with Warburg-backed Nova

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GIC will also be acquiring a minority stake in Nova as part of the agreement.


Kanakia group to buy India Tube Mills land in Mumbai for $54m

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The Kanakia group is looking to utilize the land either for mixed used development or building residential projects.


Singapore: Realty investment portal BitOfProperty closes seed funding round

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Blockchain-powered real estate investment portal BitofProperty has secured funding from Japanese real estate and housing information services provider LIFULL.


Singapore’s GIC, Canadian pension fund to buy prime Seoul building for $380m

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GIC said the joint venture will acquire Kumho Asiana Main Tower, located in the centre of Gwanghwamun, from Asiana Airlines’ parent company Asiana Group.